The Aussie market is poised to open higher later this morning despite falls on Wall Street overnight and ahead of the RBA’s latest policy decision.

The December SPI futures contract is currently up 15 points at 5,121.

In local economic news today, the Reserve Bank of Australia holds its monthly board meeting and announces its interest rate decision. It also is due to release its index of commodity prices for November.

The Australian Bureau of Statistics releases October building approvals figures along with the September quarter's balance of payments and international investment position, and the government finance statistics.

Meanwhile, the RP Data Core Logic's Home Value Index and the Australian Industry Group's performance of manufacturing (PMI) index, both for November, are due out, as is the ANZ-Roy Morgan weekly consumer confidence survey and the Dun and Bradstreet business expectations survey.

No major equities news is expected.

Key Numbers:

• SPI futures up 15pts at 5121
• AUD at 72.37 US cents, ¥89.037, €68.42 and £48.037
• On Wall St, late, S&P 500 -0.1pc, Down -0.2%, Nasdaq -0.2%
• In Europe, Stoxx 50 +0.5%, FTSE -0.3%, CAC +0.6%, DAX +0.9%
• In London, BHP -1.3%
• Spot gold up $US8.17 or 0.8% to $US1065.62/oz at 3.05pm NYC
• Brent crude down 36 US cents or 0.8% at $US44.50/bbl at 2.41pm NYC
• Iron ore down 3.44% to $US42.97 per tonne

What’s on today

Australia Reserve Bank rates decision, home prices, balance of payments, building approvals, BHP Billiton hosts a three-day analyst tour of its Chile copper assets. A presentation by Daniel Malchuk, the company’s copper president, will be released to the London and Australian exchanges at about 11:00 in London; Japan capital spending data (Q3); China purchasing indexes; UK Bank of England publishes stress tests of UK lenders, Financial Stability Report, Governor Mark Carney press conference; Germany unemployment data; US Markit manufacturing PMI, construction spending

Stocks in focus

Dick Smith saw its share price cut in half on Monday after the company shocked the market with an inventory writedown and abandoned its profit guidance.

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